This Universal Financial Accounting Study Guide/Exam Preparation Guide is a study aid created by Michael P. Licata, Ph.D., a college accounting professor, to assist students taking a Financial Accounting course, particularly in preparing for exams. This study guide is compatible with virtually all college-level textbooks. All content provided is in PDF files on an easy to use CD-ROM which is both PC and Mac compatible. The content of this study guide is organized into 12 chapters with topics that match the content covered in a typical college-level Financial Accounting course. To use the Financial Accounting Study Guide/Exam Preparation Guide students preparing for an upcoming exam should first identify which particular topics they need to study. The student should then locate the chapter(s) covering these topics by searching the: Topics_LearningObjectives_Chapters1thru12.pdf file that is provided. This file will direct the student to the appropriate chapter(s) and then the student can use the Exam Preparation Grid for those chapters as described below. For each chapter a one page Exam Preparation Grid is provided to give students a quick, concise guide to help them prepare for that chapter s material in an upcoming exam. The Grid for a particular chapter lists the major and minor topics that students should focus on in that chapter. For each topic, the student is referred to a few Review Slides that provide a concise summary of the substance of that topic and a Demo (demonstration) Problem that is worked step by step. A Practice Problem and Solution is also noted. For optimal results the student should study the Review Slides and Demo Problem and then work the Practice Problem and finally review the Practice Problem s detailed Solution. The student should also review the Key Concepts file for that chapter. The Study Guide is divided into 12 chapters which contain the typical topics covered in a college financial accounting textbook. For each chapter the Study Guide includes: o An Exam Preparation Grid. o Review Slides providing a summary of the content for that particular chapter. o A Key Concepts file providing a review of relevant terminology for that particular chapter. o A Problem Set file providing demonstration problems and practice problems for that particular chapter. o A Solutions file providing detailed solutions to all the problems in the Problem Set file. This study guide will also be useful to students taking Intermediate Accounting 1 who find that their financial accounting knowledge is a bit rusty and who would benefit from a quick refresher in Financial Accounting. Students interested in a more in-depth coverage of an entire chapter can study the entire set of Review Slides for that chapter and work through the entire Problem Set for that chapter.
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Michael P. Licata, Ph.D. is currently an Associate Professor in the Department of Accountancy in the Villanova School of Business* at Villanova University in Villanova, Pennsylvania. Professor Licata has taught the financial accounting course dozens of times in his 28 plus years as a Professor at Villanova University. The past ten years Professor Licata has specialized in teaching 100% distance learning courses at both the graduate and undergraduate levels. Throughout his career students have consistently rated Professor Licata among the best teachers in his department and in his college according to the Course and Teacher Surveys (CATS) at Villanova University. He lives with his wife Jeannie and their two children in New Jersey. *The Villanova School of Business has been ranked as a Top 20 best undergraduate business school in each of the past 5 years by Business Week Magazine.
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